MIRA INFORM REPORT

 

 

Report Date :

21.10.2013

 

IDENTIFICATION DETAILS

 

Name :

CARRINGTON CAREER & WORKWEAR LTD.

 

 

Registered Office :

Market Street Adlington, PR7 4HJ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.11.2012

 

 

Date of Incorporation :

27.11.1997

 

 

Com. Reg. No.:

03472037

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Suppliers of work wear and technical fabrics

 

 

No. of Employees :

29

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the second largest economy in Europe after Germany. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase

Source : CIA

Company name and address

 

CARRINGTON CAREER & WORKWEAR LTD.

 

 

 

Market Street

 

 

Adlington, PR7 4HJ

United Kingdom

(Trading Address)
 

 

 

Tel:

01257476850

Fax:

01257476863

 

 

 

Employees:

29

Company Type:

Private Subsidiary

Corporate Family:

5 Companies

Ultimate Parent:

Rochdale Textile Supplie (Jersey) Ltd

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

27-Nov-1997

Auditor:

Grant Thornton UK LLP

 

 

Fiscal Year End:

30-Nov-2012

Reporting Currency:

British Pound Sterling

Annual Sales:

106.0  1

Net Income:

0.9

Total Assets:

69.9

 

 

Business Description   

 

 

Carrington Career & Workwear Ltd. is one of the largest suppliers of work wear and technical fabrics throughout the United Kingdom. The company specialises in the design and development of fabric with the style, comfort and performance properties demanded by its customers. Carrington Career & Workwear provides work wear and technical fabrics across a spectrum of end uses. The company has sales teams that market the fabric throughout the UK, France and Germany, as well as the world. Carrington Career & Workwear is a subsidiary of PIN Croft Dyeing & Printing Co Ltd., one of the leading bleaching, dyeing, printing and finishing facilities throughout the world. Carrington Career & Workwear Ltd. maintains its offices in Chorley, Lancashire.

 

Industry

     

 

Industry

Clothing and Apparel Wholesale

ANZSIC 2006:

3711 - Textile Product Wholesaling

ISIC Rev 4:

4641 - Wholesale of textiles, clothing and footwear

NACE Rev 2:

4641 - Wholesale of textiles

NAICS 2012:

424310 - Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

UK SIC 2007:

4641 - Wholesale of textiles

US SIC 1987:

5131 - Piece Goods, Notions, and Other Dry Good

 

Key Executives

             

 

Name

Title

Mark Howarth

Managing Director

Justine Fordham

Sales Executive

Nigel Andrew Bate

Secretary

Simon Hiles

IT Manager

Andy Brenan

Operations Director

 

News

    

 

Title

Date

Research and Markets: Personal Protection Textiles Fabrics - For Harsh, Hazardous and Hostile Environments 
Yahoo! Finance (474 Words)

16-Oct-2013

RESEARCH AND MARKETS : Personal Protection Textiles Fabrics - For Harsh, Hazardous and Hostile Environments (Second Edition)
4 Traders (474 Words)

16-Oct-2013

Workwear (UK) - Industry Report
MarketResearch.com (304 Words)

12-Oct-2013

New Report Details Trends in Protective Fabrics
Apparel Magazine (328 Words)

9-Sep-2013

Personal Protection Textiles - 40 Suppliers of Heavy Duty Fabrics (1st Edition)
Research and Markets (788 Words)

23-Apr-2013

 

Financial Summary

   

 

FYE: 30-Nov-2012

USD (mil)

Key Figures

 

Current Assets

66.58

Fixed Assets

3.29

Total Liabilities

38.46

Net Worth

14.84

 

Key Ratios

 

Current Ratio

1.73

Acid Test

1.41

Debt Gearing

111.63

 

 

 

 

 

 

 

 

Key IDSM Number: 43873320

 

Registered No.(UK): 03472037

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6329453


2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6241056

 

 

Corporate Overview

 

Location
Market Street
Adlington, PR7 4HJ
Lancashire County
United Kingdom

 

Tel:

01257476850

Fax:

01257476863

 

www.carrington.uk.com

Sales GBP(mil):

67.1

Assets GBP(mil):

43.6

Employees:

29

Fiscal Year End:

30-Nov-2012

 

Industry:

Apparel and Accessories

Registered Address:
Pincroft Dyeing & Printing Co
Limited Market Street
Adlinton Chorley Lancashire
Chorley, PR7 4HJ
United Kingdom

 

Incorporation Date:

27-Nov-1997

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Previous Name:

Marplace (Number 418) Ltd.

Registered No.(UK):

03472037

 

Managing Director:

Mark Howarth

Industry Codes

 

ANZSIC 2006 Codes:

3711

-

Textile Product Wholesaling

 

ISIC Rev 4 Codes:

4641

-

Wholesale of textiles, clothing and footwear

 

NACE Rev 2 Codes:

4641

-

Wholesale of textiles

 

NAICS 2012 Codes:

424310

-

Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

 

US SIC 1987:

5131

-

Piece Goods, Notions, and Other Dry Good

 

UK SIC 2007:

4641

-

Wholesale of textiles

 

Business Description

Carrington Career & Workwear Ltd. is one of the largest suppliers of work wear and technical fabrics throughout the United Kingdom. The company specialises in the design and development of fabric with the style, comfort and performance properties demanded by its customers. Carrington Career & Workwear provides work wear and technical fabrics across a spectrum of end uses. The company has sales teams that market the fabric throughout the UK, France and Germany, as well as the world. Carrington Career & Workwear is a subsidiary of PIN Croft Dyeing & Printing Co Ltd., one of the leading bleaching, dyeing, printing and finishing facilities throughout the world. Carrington Career & Workwear Ltd. maintains its offices in Chorley, Lancashire

 

More Business Descriptions

Carrington Career & Workwear Ltd is the largest supplier of workwear and technical fabrics in the U.K., and one of the market leaders in Europe. Our speciality lies in designing and developing fabrics with exactly the right style, comfort and performance properties demanded by our customer across a wide spectrum of end uses. These fabrics are marketed through our own sales team, based in England, France and Germany and through agents in many other countries. Our parent company, Pincroft Dyeing and Printing Co. Ltd has one of the most modern bleaching, dyeing, printing and finishing facilities in the world and together we are uniquely placed to meet the needs of the international career and workwear industry.

 

 

 

 

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

67.1

Net Income:

0.6

Assets:

43.6

Current Assets:

41.5

 

Fixed Assets:

2.1

 

Long Term Debt:

10.3

 

Total Liabilities:

34.3

 

Issued Capital:

NaN

 

Working Capital:

17.5

 

Net Worth:

9.3

 

 

 

Date of Financial Data:

30-Nov-2012

 

1 Year Growth

-10.7%

NA

NA

Description: Z:\web\images\arrows\externalright.gif

Key Corporate Relationships

Auditor:

Grant Thornton UK LLP

Bank:

Royal Bank Of Scotland

 

Auditor:

Grant Thornton UK LLP

 

Auditor History

Grant Thornton UK LLP

30-Nov-2012

Grant Thorntonuk LLP

30-Nov-2011

Rsm Tenon Audit Ltd.

30-Nov-2010

Rsm Tenon Audit Ltd.

30-Nov-2009

Tenon Ltd.

30-Nov-2008

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

11-30-2012

 

 

 

 

 

Corporate Structure News

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Rochdale Textile Supplie (Jersey) Ltd

Parent

 

 

 

 

 

Rochdale Textile Supplies Ltd.

Subsidiary

Chorley

United Kingdom

Miscellaneous Professional Services

113.2

202

Pin Croft Dyeing And Printing Co. Ltd.

Subsidiary

Chorley

United Kingdom

Textile Manufacturing

85.3

173

Carrington Career & Workwear Ltd.

Subsidiary

Adlington

United Kingdom

Clothing and Apparel Wholesale

106.0

29

Cookson & Clegg Ltd.

Subsidiary

Blackburn

United Kingdom

Clothing and Apparel Manufacturing

1.1

25

 

Executives Report

 



Board of Directors

 

Name

Title

Function

Neil David Dowds

 

Director

Director/Board Member

Age: 46

 

Ian Molyneux

 

Director

Director/Board Member

 

 

Age: 56

 

John Joseph Vareldzis

 

Director

Director/Board Member

 

 

Age: 41

 

 

Executives

 

Name

Title

Function

Mark Howarth

 

Managing Director

Managing Director

Andy Brenan

 

Operations Director

Operations Executive

Nigel Andrew Bate

 

Secretary

Company Secretary

Maureen Powsey

 

HR Manager

Human Resources Executive

Justine Fordham

 

Sales Executive

Sales Executive

Jaan Scott

 

Marketing Director

Marketing Executive

Simon Hiles

 

IT Manager

Information Executive

Denise Knowles

 

Receptionist

Other


Directors and Shareholders Report

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Neil
Dowds

Current

28 Jul 1967

22 Hippings Way, Balmoral Park,
Clitheroe, Lancashire BB7 2PQ

16 Dec 2010

NA

Current:3
Previous:0
Disqualifications:0

 

Ian
Molyneux

Current

13 Jun 1957

Pincroft Dyeing & Printing Co, Limited Market Street,
Chorley, Lancashire PR7 4HJ

12 Feb 2010

NA

Current:7
Previous:5
Disqualifications:0

 

John Joseph
Vareldzis

Current

14 May 1972

Adlington Works, Market Street,
Chorley, Lancashire PR7 4HJ

12 Feb 2010

NA

Current:5
Previous:0
Disqualifications:0

 

Mark Steven
Howarth

Previous

08 Dec 1958

Stone House, Blacko,
Nelson, Lancashire BB9 6LP

26 Mar 1998

12 Feb 2010

Current:0
Previous:5
Disqualifications:0

 

David Sean
Fitzgerald

Previous

22 Jan 1960

1 Greenmount Gardens, Greenmount,
Bury, Greater Manchester BL8 4HN

NA

26 Feb 1998

Current:0
Previous:43
Disqualifications:0

 

Peter Alan
Stock

Previous

23 Jan 1944

High Trees Bury & Rochdale Old Road,
Heywood, Lancashire OL10 4AT

26 Feb 1998

12 Feb 2010

Current:0
Previous:7
Disqualifications:0

 

Stephen William
Brown

Previous

29 Mar 1951

2 New Meadow, Lostock,
Bolton, Greater Manchester BL6 4PB

26 Feb 1998

30 Nov 2003

Current:0
Previous:6
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

There are no corporate directors for this company.

 

 

Individual Secretaries

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Nigel Andrew
Bate

Current

NA

Pincroft Dyeing & Printing Co, Limited Market Street,
Chorley, Lancashire PR7 4HJ

12 Feb 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Ian
Molyneux

Previous

13 Jun 1957

Pincroft Dyeing & Printing Co, Limited Market Street,
Chorley, Lancashire PR7 4HJ

29 Apr 1999

12 Feb 2010

Current:7
Previous:5
Disqualifications:0

 

Christopher Mark
Brandwood

Previous

26 Jul 1958

5Th Floor 55 King Street,
Manchester, Greater Manchester M2 4LQ

27 Nov 1997

26 Feb 1998

Current:6
Previous:34
Disqualifications:0

 

Stephen William
Brown

Previous

29 Mar 1951

2 New Meadow, Lostock,
Bolton, Greater Manchester BL6 4PB

26 Feb 1998

29 Apr 1999

Current:0
Previous:6
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

 

Individual Shareholders

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

Corporate Shareholders

Company Name

Registration Number

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

PIN Croft Dyeing & Printing Co. Ltd

00517930

100 Ordinary GBP 1.00

Ordinary

100

1.00

100.00

100.00

 

 

 

News

 

 

Annual Profit & Loss

 

 

 

 

 

30-Nov-2012

30-Nov-2011

30-Nov-2010

30-Nov-2009

30-Nov-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.632945

0.623804

0.645475

0.646269

0.530439

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

28.1

35.2

25.5

25.9

42.8

Turnover (Exports)

77.8

85.1

61.0

33.8

46.6

Total Turnover

106.0

120.3

86.6

59.7

89.4

Cost of Sales

88.0

109.4

77.3

53.0

78.1

Gross Profit

18.0

10.9

9.3

6.7

11.3

Depreciation

-

0.1

0.1

0.1

0.1

Other Expenses

16.6

10.0

8.2

6.3

9.3

Operating Profit

1.4

1.0

1.1

-

-

Other Income

0.0

0.0

0.0

0.0

0.0

Interest Paid

0.2

0.3

0.0

0.0

0.1

Exceptional Income

0.0

0.0

0.0

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

1.2

0.7

1.1

0.4

1.9

Tax Payable / Credit

0.3

0.5

0.6

0.0

0.0

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

0.0

0.0

Profit After Taxes

0.9

0.2

0.5

0.4

1.8

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

0.0

0.0

Non Audit Fees

0.0

0.0

0.0

-

0.0

Number of Employees

29

28

28

27

29

Wages

1.8

1.6

1.5

1.4

2.1

Social Security Costs

0.2

0.3

0.2

0.2

0.2

Pensions

0.1

0.0

0.0

-

0.1

Other Pension Costs

0.2

0.2

0.2

0.2

0.3

Employees Remuneration

2.2

2.0

1.9

1.7

2.6

Directors Emoluments

0.5

0.4

-

-

0.3

Other Costs

0.0

0.0

0.3

-

0.0

Directors Remuneration

0.5

0.4

0.3

0.3

0.3

Highest Paid Director

0.3

0.3

0.2

-

-

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Nov-2012

30-Nov-2011

30-Nov-2010

30-Nov-2009

30-Nov-2008

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.624106

0.635809

0.642116

0.609347

0.651699

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

0.0

0.0

0.0

0.0

0.0

Fixtures & Fittings

0.0

0.0

0.0

0.0

0.0

Plant & Vehicles

0.2

0.2

0.2

0.1

0.2

Total Tangible Fixed Assets

0.2

0.2

0.2

0.1

0.2

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

3.1

3.0

3.0

3.1

2.9

Total Fixed Assets

3.3

3.2

3.2

3.3

3.1

Stocks

12.3

10.1

4.4

5.6

8.4

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

12.3

10.1

4.4

5.6

8.4

Trade Debtors

21.2

26.1

20.6

16.0

14.6

Inter-Company Debtors

28.4

27.3

8.5

6.2

5.6

Other Debtors

1.9

1.7

1.3

0.9

1.0

Total Debtors

51.5

55.1

30.4

23.1

21.3

Cash and Equivalents

2.8

0.1

3.2

6.4

3.8

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

66.6

65.3

38.1

35.1

33.5

Total Assets

69.9

68.5

41.3

38.4

36.6

Trade Creditors

1.3

2.1

0.0

0.7

1.1

Bank Overdraft

0.0

0.0

0.0

4.1

5.2

Inter-Company Creditors

31.7

27.3

12.3

7.3

6.1

Director Loans (Current Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Finance Lease (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

4.6

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Current Liability)

0.6

0.9

0.5

0.0

0.4

Social Security/VAT

0.0

0.0

0.1

0.0

0.0

Corporation Tax

0.2

0.3

0.6

0.3

0.0

Dividends (Current Liability)

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

7.9

0.0

0.0

0.0

Total Current Liabilities

38.5

38.6

13.5

12.4

12.8

Group Loans (Long Term Liability)

16.6

16.3

16.1

14.2

13.3

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Leasing (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

16.6

16.3

16.1

14.2

13.3

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

Issued Capital

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

13.1

11.9

11.6

11.7

10.6

Other Reserves

1.8

1.7

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

14.8

13.6

11.6

11.7

10.6

Net Worth

14.8

13.6

11.6

11.7

10.6



 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Nov-2012

30-Nov-2011

30-Nov-2010

30-Nov-2009

30-Nov-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.632945

0.623804

0.645475

0.646269

0.530439

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

30-Nov-2012

30-Nov-2011

30-Nov-2010

30-Nov-2009

30-Nov-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.624106

0.635809

0.642116

0.609347

0.651699

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.73

1.69

2.81

2.82

2.62

Liquidity Ratio

1.41

1.43

2.49

2.37

1.96

Stock Turnover

875.00

1,169.00

1,977.00

1,134.00

864.00

Credit Period (Days)

7,197.00

8,067.00

8,653.00

9,211.00

7,346.00

Working Capital by Sales

2,617.00%

2,260.00%

2,818.00%

3,580.00%

2,849.00%

Trade Credit by Debtors

6.00

8.00

0.00

4.00

8.00

Return on Capital

384.00%

224.00%

397.00%

163.00%

634.00%

Return on Assets

173.00%

98.00%

266.00%

110.00%

413.00%

Profit Margin

112.00%

57.00%

126.00%

67.00%

208.00%

Return on Shareholders Funds

813.00%

492.00%

946.00%

360.00%

1,426.00%

Borrowing Ratio

35,660.00%

32,022.00%

24,459.00%

21,748.00%

23,158.00%

Equity Gearing

2,124.00%

1,988.00%

2,816.00%

3,063.00%

2,893.00%

Debt Gearing

111.63%

119.44%

138.58%

120.72%

125.10%

Interest Coverage

607.00

249.00

11,767.00

1,290.00

2,736.00

Sales by Tangible Assets

47,231.00

61,032.00

38,797.00

50,761.00

38,244.00

Average Remuneration per Employee

0.1

0.1

0.1

0.1

0.1

Profit per Employee

0.0

0.0

0.0

0.0

0.1

Sales per Employee

3.7

4.2

3.1

2.3

2.5

Capital Employed per Employee

1.1

1.1

1.0

1.0

0.8

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

2.4

2.4

1.5

1.4

1.3

Employee Remuneration by Sales

204.00%

169.00%

221.00%

292.00%

286.00%

Creditor Days (Cost of Sales Based)

545.00

727.00

1.00

459.00

646.00

Creditor Days (Sales Based)

452.00

661.00

1.00

408.00

565.00

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.28

UK Pound

1

Rs.99.03

Euro

1

Rs.83.80

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.